Business » Ndakaziva Majaka, Staff Writer
Saturday, 12 January 2013 10:27
HARARE - Impala Platinum Holdings (Implats)’s subsidiary Zimplats yesterday unveiled its indigenisation plan by ceding a 51 percent stake worth $971 million to locals. By signing an agreement or term sheet — outlining the implementation of its enhanced empowerment plan —...Read More
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Business »
Wednesday, 09 January 2013 12:14
HARARE - Global resources group Rio Tinto says it expects to unveil its Murowa Diamonds indigenisation compliance plan when President Robert Mugabe resumes official duty next month. Mugabe — who is the key driver of the empowerment programme through his Indigenisation...Read More
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News »
Wednesday, 09 January 2013 09:58
HARARE - Indigenisation and Youth minister, Saviour Kasukuwere has promised tough action against violence in his constituency saying Zanu PF must win freely and fairly. Kasukuwere, the secretary for indigenisation in the Zanu PF politburo, said this in the wake of...Read More
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Business » Ndakaziva Majaka, Staff Writer
Tuesday, 08 January 2013 11:33
HARARE - Indigenisation minister Saviour Kasukuwere says the snub of Barclays’ Zimbabwe unit in the merger of the group’s African operations with those of Absa Group has nothing to do with empowerment laws, but the institution’s internal affairs. This comes as...Read More
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Business »
Tuesday, 18 December 2012 12:08
HARARE - Zimbabwe is making headway in indigenising the motoring industry, with authorities insisting every foreign-owned company should be majority-owned by locals. The National Indigenisation and Economic Empowerment Board (Nieeb) — a vehicle created to implement the indigenisation programme and house...Read More
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News » Ndakaziva Majaka, Staff Writer
Sunday, 16 December 2012 14:10
HARARE - One of the world’s most popular chicken franchises, Kentucky Fried Chicken (KFC)’s bid to fly back into Zimbabwe is facing huge challenges. Indegenisation minister Saviour Kasukuwere has slammed Kevin James, the franchise holder for the fast-food giant for opting...Read More
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Business » Roadwin Chirara, Business Editor
Friday, 02 November 2012 09:27
HARARE - Anglo Platinum's (Amplats) Unki Mine has agreed to cede a controlling 51 percent stake to locals, Indigenisation minister Saviour Kasukuwere has announced. “I am pleased that they have fully complied and we have managed to establish a win-win situation,”...Read More
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Business »
Tuesday, 23 October 2012 12:19
HARARE - Only three mines in Zimbabwe are yet to table plans on how they will comply with the country’s 51 percent indigenisation programme, according to Saviour Kasukuwere, the firebrand Youth Development, Indigenisation and Empowerment minister. Zanu PF hawks, using the...Read More
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Business »
Friday, 19 October 2012 10:47
HARARE - Since it was launched over two years ago, Zimbabwe’s drive to force foreign businesses to give 51 percent of their shareholding to locals has never been especially popular with the Zimbabwean public. Just 19 percent approve of the indigenisation...Read More
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Opinion & Analysis »
Thursday, 27 September 2012 12:29
HARARE - Saviour Kasukuwere, Zimbabwe’s minister of Youth, Indigenisation and Economic Empowerment stands accused of being anti foreign investment, fascist and thuggery, due to the black economic agenda he is currently prosecuting. The resentment and criticism has come more from within...Read More
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Business »
Thursday, 20 September 2012 11:58
HARARE - Indigenisation minister Saviour Kasukuwere yesterday said the mining sector has been fully indigenised and he is now ready to transform the banking sector. The government, under its controversial indigenisation laws, ordered Zimbabwe-based foreign mining companies to surrender 51 percent...Read More
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News » Richard Chidza, Staff Writer
Monday, 17 September 2012 10:30
HARARE - Combative Youth Indigenisation and Empowerment minister Saviour Kasukuwere has lashed out at foreign-owned banks and gave a stark warning “swim or sink.” Known as “Tyson” in political circles, the youthful minister told a Zimbabwe Economic Society organised discussion that...Read More
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News »
Monday, 03 September 2012 09:12
HARARE - A government and private fund to empower the youth has allegedly been politicised by Indigenisation and Empowerment minister Saviour Kasukuwere, benefitting only Zanu PF youths. Deputy minister of Indigensation and Empowerment Tongai Matutu told the Daily News Kasukuwere was...Read More
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